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Nov 13, 2012
11/12
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you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the big greenies. he's -- exactly the kind of epa greenie diana first got roth as describing. >> well, you know, we have had a political earthquake here in california after last week. we now have a two-thirds supermajority in the assembly and senate. now for the business community in order for our economy to grow and create jobs in investment, it is really going to be in his decisi decision make what will happen with the legislature to do that. >> you are not too optimistic. democratic legislature and democratic state which is already very liberal, left, right? how -- i don't see a way out for you, sir? >> larry, t
you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the big greenies. he's...
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Nov 22, 2012
11/12
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CNBC
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and by the way, did you see what california has done? do you know what after tax rate of return on assets held in california is happened? it just plummeted. that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time. now as someone who worked in there years ago as arthur did, short period of time, you will take the better part of the winterer to make a deal. so we are going to go into recession. the question is, do you think the president can take that and do you think he can really blame republicans? is it that easy, or is all hell going to break loose in the country? >> i think it will be absolutely terrible if we go over and stay over
and by the way, did you see what california has done? do you know what after tax rate of return on assets held in california is happened? it just plummeted. that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than...
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Nov 14, 2012
11/12
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a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000 with two children. if they lived in huntington, new york, they'd have a deficit at the end of the year of $24,380. if they lived in a place like plano, texas, they'd be ahead by $4,936. that would be at the end of the career. pl plan plano, texas, was the only area where the couple came out ahead. is $250,000 rich? >> depends where you live. jackie, that was great. michelle, i have a question to you because i threw it out there on twitter. do you believe it's possible to have an income tax rate or maybe deductions that roll back based on geography? in other words, $2
a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000...
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Nov 6, 2012
11/12
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CNBC
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. >> in california alone a handful of donors have spenlt more than $350 million on stat ballot initiative. much of the money comes from a single family, the monger's. daughter molly monger has spend more than $40 million. her more conservative brother has spent $36 million on a measure to make it harder for unions to raise political money. the hedgefund chief spent more than $25 million to close a tax loop hole for out of state companies. many say they are just using their money for broader public good. at least one ballot backer has his own fortunes in mind. he spent more than $30 million to oppose a new bridge. turns out he has his own toll bridge that collects tens of millions of dollars a year. we will see whether all of this ballot money was a waste or not. we will know tonight or tomorrow morning. >> these numbers are mind boggling. thank you so much. for investors how are they positioning themselves for an obama or romney victory? we will break it down now. guys, thanks for joining us. jeff, what will you do tomorrow if mitt romney wins? >> like many of us i'm watching the election
. >> in california alone a handful of donors have spenlt more than $350 million on stat ballot initiative. much of the money comes from a single family, the monger's. daughter molly monger has spend more than $40 million. her more conservative brother has spent $36 million on a measure to make it harder for unions to raise political money. the hedgefund chief spent more than $25 million to close a tax loop hole for out of state companies. many say they are just using their money for...
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Nov 30, 2012
11/12
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in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here
in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what...
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Nov 28, 2012
11/12
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CNBC
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now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden
now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the...
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Nov 8, 2012
11/12
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CNBC
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california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> california voters are choosing to raise taxes on high-income taxpayers and increase the sales tax in order to fund education and state programs. so they say. last night voters passed proposition 30 with about a 54% majority. the question, is this tax hike going to destroy the california economy? let's bring in willie brown, former mayor of san francisco. mayor brown, thank you for
california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at...
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Nov 8, 2012
11/12
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CNBC
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notably california adventure here at disney land in california. we feel good about what we're seeing. there's demand for that product. it's showing up in our pricing and showing up in our advanced bookings. >> how are the advanced bookings looking for the holiday season? >> advanced bookings for the holiday season are looking good. there's a quirk in the calendar. christmas falls on a tuesday. so some of our peak season will also fall into our next quarter because of how the quarter breaks. our bookings for the christmas period overall, which include some spillover into the next quarter, we feel very good about. that's certainly true in california. it's true in florida. it's true in paris. >> bob, the last time we talked, you seemed passionate about the need to fix our debt as a country. i wonder what your take is on president obama winning re-election. does that change anything for the company, for the industry? in terms of this fiscal cliff, everybody is expecting taxes to go higher. we're not sure how high on dividends and capital gains. will t
notably california adventure here at disney land in california. we feel good about what we're seeing. there's demand for that product. it's showing up in our pricing and showing up in our advanced bookings. >> how are the advanced bookings looking for the holiday season? >> advanced bookings for the holiday season are looking good. there's a quirk in the calendar. christmas falls on a tuesday. so some of our peak season will also fall into our next quarter because of how the quarter...
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Nov 29, 2012
11/12
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. >> you're from california, correct? >> i live there, yes. >> doesn't make you a bad person. >> i'm from buffalo too. >> it explains why he's stylish, right? well, i live in california. we voted to raise income taxes and sales taxes. california is, what, one-seventh of the u.s. economy. >> jerry browne's miracle. >> i'm going to get a bill as well as every other californian asking for money. >> what is your point? >> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next
. >> you're from california, correct? >> i live there, yes. >> doesn't make you a bad person. >> i'm from buffalo too. >> it explains why he's stylish, right? well, i live in california. we voted to raise income taxes and sales taxes. california is, what, one-seventh of the u.s. economy. >> jerry browne's miracle. >> i'm going to get a bill as well as every other californian asking for money. >> what is your point? >> that will have a...
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Nov 27, 2012
11/12
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it goes on sale in california and oregon only, middle of next year. gm expects the press point to be somewhere around 25,000. the all-important question, what is the range going to be, how far will it go fully charged? gm is not saying at this point, only it will be competitive with other electric cars. speaking of other electric cars this market is struggling now look at auto sales through september of this year. 73%, almost 8 million vehicles in the u.s., are gasoline powered. still a predominant source of power train in this country. hybrids, 279%, 300,000. as for pure electric, just 8,289 pure electric cars sold in the u.s. right now. take a look at shares of general motors in the last year. if you were a gm investor in the last year, up 24%. a lot of people talk about gm ought to learn what they are doing at tesla, tesla leading the way with electric cars. gm versus tesla, no comparison, gm up 24%, tesla up just 1.4%. as i said at the beginning of this report, you will see more electric vehicles coming from general motors the next couple of years
it goes on sale in california and oregon only, middle of next year. gm expects the press point to be somewhere around 25,000. the all-important question, what is the range going to be, how far will it go fully charged? gm is not saying at this point, only it will be competitive with other electric cars. speaking of other electric cars this market is struggling now look at auto sales through september of this year. 73%, almost 8 million vehicles in the u.s., are gasoline powered. still a...
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Nov 9, 2012
11/12
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MSNBC
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. >> joining me now, robert reich and professor at the university of california. $325 million wasted. there is actually nothing on the scoreboard to show for it. karl rove says no, no it was a good thing. >> five minutes of revenue at the cacasinos. it is a waste. and the billionaires. but what i think they did do, they tilted the playing field and made it harder for barack obama and democrats like brown and elsewhere where they flooded with money. can you imagine what the final results might have been without that money if they didn't have to worry about an extra $20 million he would have had a greater win in ohio? i think the president might have picked up an extra point or two with the negative adds like groups like karl rove ran. barack obama was able to raise a lot of money. mitt romney couldn't do that. so the playing field should have been this way but that money go it closer to even. so they came through. >> the democrats won, they won more seats in the senate and in the house. does it matter how much their winning percentage was? >> of course it does matter. it is going to be
. >> joining me now, robert reich and professor at the university of california. $325 million wasted. there is actually nothing on the scoreboard to show for it. karl rove says no, no it was a good thing. >> five minutes of revenue at the cacasinos. it is a waste. and the billionaires. but what i think they did do, they tilted the playing field and made it harder for barack obama and democrats like brown and elsewhere where they flooded with money. can you imagine what the final...
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Nov 23, 2012
11/12
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courtney reagan is in dayton, ohio, jane wells at a best buy in canoga park, california. what's the traffic look like this? >> that's right, bill, i sure am. it opened at midnight. a bit of at lovell, bum then at 10:00 a.m. it really started to pop. i've got speaking with aroundists, retailer, whether it's mavs. pretty good. make not agrees the overial sales are expected. and some early aggravations, most have appeared to have pushed those frustration aside. the majority of people who got here were the full-time employees. but a very good response. >> they were planned leading up to -- but walmart ceo says that actually only 26 protests occurred. many didn't even include walmart employees. and in fact he set -- they missed that scheduled shift. matt values thinks that macy's is the clear winner. i have to say i've seen an automatic lot of macy's backs myself. i'm happy that the leap pad 2 is very hard to find the. >> they won't get any more in? >> they will, but probably not day is the probably. so the inventory they probably out. >> courtney reagan, thank. >>> hoping tha
courtney reagan is in dayton, ohio, jane wells at a best buy in canoga park, california. what's the traffic look like this? >> that's right, bill, i sure am. it opened at midnight. a bit of at lovell, bum then at 10:00 a.m. it really started to pop. i've got speaking with aroundists, retailer, whether it's mavs. pretty good. make not agrees the overial sales are expected. and some early aggravations, most have appeared to have pushed those frustration aside. the majority of people who got...
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Nov 30, 2012
11/12
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MSNBCW
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california, the prop 8 decision where voters of california voted to allow same-sex marriages and then a few months later voted to write into the state constitution that such unions were illegal. if the supreme court decides not to take up that case, then people in california -- gay people in california would be able to get married almost immediately. but if they do take up the case, then the question of a right to marry goes to the supreme court. very fascinating time. >> are you surprised that they decided not to -- >> yes, i am surprised. and i will be even more surprised if they don't do something on monday. i think a lot of people are waiting. >> i'm hoping that the supreme court will weigh in on this. i want to see the courts and perhaps the legislature deal with this and not leave to the voters because the voters often get these things wrong. i don't think civil rights question shoes go to voters partly because you get into the thing of the whim of the voters and where the political whims are. we don't vote in this country on fundamental rights. freedom of speech will always be
california, the prop 8 decision where voters of california voted to allow same-sex marriages and then a few months later voted to write into the state constitution that such unions were illegal. if the supreme court decides not to take up that case, then people in california -- gay people in california would be able to get married almost immediately. but if they do take up the case, then the question of a right to marry goes to the supreme court. very fascinating time. >> are you...
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Nov 11, 2012
11/12
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CSPAN
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most americans have been leaving california. people from california leave. states like maryland experimented with the millionaires' tax the other day. people were leaving. it is helpful to have the states to give you a lesson on what happens when you decide to raise taxes on the rich. they move a. >> moving ahead to the fiscal cliff. john boehner has reiterated that the newly elected house republican majority is opposed to raising tax rates. they're willing to accept new revenue under certain conditions. what is your reaction to that? them have signed? -- could that violate the pledge that most of them assigned to? >> if we had a recovery the strength of reagan's recovery, there would be 10 million more americans at work today. if we take reagan's path of less spending and regulation, he has a million more americans at work today than obama does. i would rather have his recovery and all the revenue that flows from that. if you grew 4% a year instead of 2%. the difference between growing from 4% instead of 2% is $5 trillion in additional revenue to the federa
most americans have been leaving california. people from california leave. states like maryland experimented with the millionaires' tax the other day. people were leaving. it is helpful to have the states to give you a lesson on what happens when you decide to raise taxes on the rich. they move a. >> moving ahead to the fiscal cliff. john boehner has reiterated that the newly elected house republican majority is opposed to raising tax rates. they're willing to accept new revenue under...
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Nov 19, 2012
11/12
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CNBC
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california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here. >> cato institute says this should be expected, companies need to protect themselves. michael mandela couldn't disagree more. he says it's nonsense. companies are tightening the purse strings when they have so much cash. michael, any incentive right now? why do you think this is poppycock, the fiscal cliff is not leading to companies investing? >> let's look at it addition let's take a closer look at spending patterns. what's happening is that tech investment is still rising. in fact, tech investment hit an all-time record in the third quarter. it's nontech spending, nontech investment that's collapsing. that has a lot more to do wit
california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here....
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Nov 30, 2012
11/12
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something fishy going on in california's malls. chain of caviar vending machines has sprung up in three l.a. shopping centers. the owner of the machine says she hatched the idea to attract a younger crowd to the caviar market because what goes better with holiday shopping than a $500 can of salty fish egg whites? >> right. >> a caviar guy. >> no i'm not. >> you are. you look like it. >> come on. you got caviar written all over you. >> no. >> saturday night at the white house. >> all right. when halftime returns we're waiting for the house speaker to make some comments shortly regarding the fiscal cliff and we'll take you into that room live when john boehner appears. also a stunning month for facebook. shares are up nearly 30%. you buy the rally. we got some answer frs a top wall street analyst. we'll hear from two d.c. insiders from opposite sides of the aisle. doug holtz eakin, harley davidson fo davidson -- harold ford jr. will square off on the fiscal cliff when we come back. [ abdul-rashid ] i've been working since i was about
something fishy going on in california's malls. chain of caviar vending machines has sprung up in three l.a. shopping centers. the owner of the machine says she hatched the idea to attract a younger crowd to the caviar market because what goes better with holiday shopping than a $500 can of salty fish egg whites? >> right. >> a caviar guy. >> no i'm not. >> you are. you look like it. >> come on. you got caviar written all over you. >> no. >> saturday...
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Nov 9, 2012
11/12
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FOXNEWSW
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i don't think quite enough results have been paid in california. the democratic party captured two thirds in both houses of the state legislature out there as well as winning a substantial increase in income taxes to pay for new education spending. governor gerri brown the democratic party have an opportunity now to governor pure blue and we will see how that works out and they will own it. >> that's going to end well. i think what's needed most about this election is perspective. after the 2008 election, many people, conventional wisdom in washington pronounced the death of conservatism. it was time for the republic party to remake itself and two years later on the backs of the tea party, conservatives rose again, historical gains in congress. there are some c
i don't think quite enough results have been paid in california. the democratic party captured two thirds in both houses of the state legislature out there as well as winning a substantial increase in income taxes to pay for new education spending. governor gerri brown the democratic party have an opportunity now to governor pure blue and we will see how that works out and they will own it. >> that's going to end well. i think what's needed most about this election is perspective. after...
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Nov 11, 2012
11/12
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in california voters approved proposition 30. the political climates for tax increases seems different. >> another poll is today said 63% said no to higher taxes. if you look at the collection of polls, you can sometimes get a plurality of americans say why don't you raise taxes on somebody else. do you believe they raise it on somebody else and they use it to pay down the debt? we think they will spend it. the same californians setup do you want to raise cigarette taxes so we can spend it on cool stuff? they said no. they. 8% of the population, why don't we dump them -- jump them? they voted no. he and state voted to not have a tax on millionaires -- washington state voted to not have a tax on millionaires. people finally look at the amount of money that jerry brown had to spend to get that initiative across the finish line. it is not a strong argument that is a popular thing. i am all in favor of california experimenting on itself. i think it is a fair to do a more of a peach tree-sized in california, but they are having an exp
in california voters approved proposition 30. the political climates for tax increases seems different. >> another poll is today said 63% said no to higher taxes. if you look at the collection of polls, you can sometimes get a plurality of americans say why don't you raise taxes on somebody else. do you believe they raise it on somebody else and they use it to pay down the debt? we think they will spend it. the same californians setup do you want to raise cigarette taxes so we can spend...
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Nov 9, 2012
11/12
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reagan welcomed -- as a former governor of california, he welcomed the various immigrant groups coming in. >> always. >> jimmy, you're going to have a test now with this fiscal cliff business. will the republican leadership stay true to their economic principles, namely limited government, lower spending, low tax rate reform, et cetera, et cetera? or are they going to sound like democrats? in other words, everybody wants a deal, jimmy, but a bad deal be a bad idea. >> we have an economy which is not particularly strong. the last thing it needs is a bunch of tax hikes. i was heartened that speaker boehner said he was against raising marginal tax rate. there's other ways you can get revenue, whether through growth, getting rid of crony capitalist tax deductions. i think that's a great place to draw a line in the sand. >> we can't cave on -- >> jennifer ruben, you're not so much the economist. how do we right now, how does the gop get off to a better start on attracting a more inclusive party? what ed rodgers called a big tent. i rather like that notion of a big tent. not all conservative
reagan welcomed -- as a former governor of california, he welcomed the various immigrant groups coming in. >> always. >> jimmy, you're going to have a test now with this fiscal cliff business. will the republican leadership stay true to their economic principles, namely limited government, lower spending, low tax rate reform, et cetera, et cetera? or are they going to sound like democrats? in other words, everybody wants a deal, jimmy, but a bad deal be a bad idea. >> we have...
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>> yes, and then i think -- >> why can't california do that. >> i known -- have owned property in california, i now own property in vegas. neil: what is biggest loser? >> it was las vegas, but now it will be a big winner they are taxing people out of california, every time there is a pick quake, they go to las vegas they pay no income tax, and housing cost 80 percent less, they can be in los angeles, or san francisco in an hour, you will see people leaving state of california. neil: it is interesting, those at ground zero locale for real estate, las vegas and florida, you noticed that market picking up, maybe the wind at president's back could be a recovery you kept champions during the campaign. and you think that is real? >> i do, look at, south florida, and history repeats itself, in early 90s went down the tube first in housing, then bounced back with a international market driven bilat inamerica -- latin america, again south florida down tube, and bounces back, a at peak of recession. there are about only 1,000 unsole development unit, and n development project in the miami-deamiami-dad
>> yes, and then i think -- >> why can't california do that. >> i known -- have owned property in california, i now own property in vegas. neil: what is biggest loser? >> it was las vegas, but now it will be a big winner they are taxing people out of california, every time there is a pick quake, they go to las vegas they pay no income tax, and housing cost 80 percent less, they can be in los angeles, or san francisco in an hour, you will see people leaving state of...
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Nov 8, 2012
11/12
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and the rating agencies gun to put our -- begun to put out their commentary on how california is on a stable path. >> it will raise the sales tax and increase income taxes for people who make $250,000 a year for the next 7 years. >>> the superintendent said today parents and students across the state can breathe a sigh of relief knowing our schools will have the resources for the remainder of the year. >>> californians approved 5-11 ballot measures. the tax measure made the cut, so did prop 35, increases prison sentences and fines for human trafficking convictions. and prop 36, which revises law to impose life sentence only when new felony conviction is serious or violent and the increase on out of state businesses and new state district lines. voters defeated prop 31, and prop 32. a measure to set insurance prices based on a person's history was defeated. they also rejected a second tax measure to raise money for public education. >>> it hasn't happened in 79 years but tonight democrats hold a majority in the state capital. ktvu's amber lee is live to tell us how they plan to use the
and the rating agencies gun to put our -- begun to put out their commentary on how california is on a stable path. >> it will raise the sales tax and increase income taxes for people who make $250,000 a year for the next 7 years. >>> the superintendent said today parents and students across the state can breathe a sigh of relief knowing our schools will have the resources for the remainder of the year. >>> californians approved 5-11 ballot measures. the tax measure made...
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Nov 7, 2012
11/12
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the first is california. we can tell you nbc news is projecting california to go to president obama. 55 electoral votes in california. this is obviously a huge one. no surprise that the president wins california. also, right now, we can tell you that hawaii is also going to obama. nbc news projecting the president to win hawaii as well, another four electoral votes. listen to the crowds, carl. >> yep. >> another winning -- another winner on a close call in idaho. idaho is going to governor romney. governor romney wins idaho with four electoral votes. nbc news projecting mitt romney the winner there. >> couple of big states out of the pacific northwest as we continue to hear the crowds at democracy plaza. the state of oregon, too early to call. although nbc news is saying that the president, barack obama, does lead in the state of oregon. and washington state. nbc news projects that barack obama will take the state of washington. there are some cheers in democracy plaza. we'll go back to there as the map fills
the first is california. we can tell you nbc news is projecting california to go to president obama. 55 electoral votes in california. this is obviously a huge one. no surprise that the president wins california. also, right now, we can tell you that hawaii is also going to obama. nbc news projecting the president to win hawaii as well, another four electoral votes. listen to the crowds, carl. >> yep. >> another winning -- another winner on a close call in idaho. idaho is going to...
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Nov 27, 2012
11/12
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CNBC
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. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of cours
. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has...
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Nov 24, 2012
11/12
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FBC
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look at the northern california joint pension, 20,000 workers funded at 65%. they only have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it uld be, a bailout for the unions. they are not concerned about wal-mart workers here. it is about their own obligations. >> you don't think they're telling these wal-mart workers if they join the union if walmart becomes unionize these workers would buy into these pensions. they're not telling them that all. there saying join a save you will be better off but these workers would be better off with i r as and 401(k) plans and pension they will get back rather than putting money into a failed pension. none of your listeners would put money into a pension of 55%. gerri: jeff flock was on the ground looking at who was out there doing the protests and for how l
look at the northern california joint pension, 20,000 workers funded at 65%. they only have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it uld be, a bailout for the unions. they are not concerned about wal-mart workers here....
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Nov 23, 2012
11/12
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jane wells joins us from a best buy in conoga park, california. jane has been showing up with all of the shoppers, who is are w you? >> what's your name? >> anket. >> reporter: how long have you been waiting in line? >> more than two hours. >> reporter: the big deal is the line is taking forever. what are you buying? >> i'm buying a dslr camera. >> reporter: you came from india to buy this. >> reporter: i did. >> they have a thing called the internet. >> reporter: this is not the experience i was expecting. >> reporter: you get lines like this back home i suppose? >> yes. >> reporter: as raul shows you how this line snakes around, a crazy person but also maybe someone who is exhausted and with a dry sense of humor is first in line. how many tickets did you get? >> six. >> reporter: what are you planning on getting? >> tv for sure and probably a laptop. >> reporter: and the rest, i don't know, might sell them to you, jane. >> reporter: jason mcclellan got here 98 hours before the doors opened, gave him first choice at picking tickets, like a 40 inc
jane wells joins us from a best buy in conoga park, california. jane has been showing up with all of the shoppers, who is are w you? >> what's your name? >> anket. >> reporter: how long have you been waiting in line? >> more than two hours. >> reporter: the big deal is the line is taking forever. what are you buying? >> i'm buying a dslr camera. >> reporter: you came from india to buy this. >> reporter: i did. >> they have a thing called the...
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Nov 18, 2012
11/12
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FOXNEWSW
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. >> they hate it, especially the-- >> the issue here, are we going to be texas or california? and satisfy for for four years, the president followed colorado's model. california has a lot of reserves and they've created what, 20,000 oil jobs in the the last ten years, where texas created 200,000 and these are fairly well paying jobs so that's the issue before the obama administration, the second point is the market works. the reason that we can now extract shale, not just technology, but with oil prices higher, it becomes economically possible to to these things that we wouldn't price-wise be possible beforehand. >> well, we've been handed this incredible gift by mother nature. let's hope we don't blow it on the politics. >> we will-- >> we have to take one more break. when we come back, our hits and misses of the week. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong f
. >> they hate it, especially the-- >> the issue here, are we going to be texas or california? and satisfy for for four years, the president followed colorado's model. california has a lot of reserves and they've created what, 20,000 oil jobs in the the last ten years, where texas created 200,000 and these are fairly well paying jobs so that's the issue before the obama administration, the second point is the market works. the reason that we can now extract shale, not just...
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Nov 14, 2012
11/12
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KQED
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years later, ronald reagan was elected governor of california. four years later, richard nixon was president. they have something the democrats did not have. they have a great post-boomer generation and trade when you think of them, -- a generation. when you think of them, that is a pretty good bench of energetic, slick, youngish politicians. when you are talking about the democratic party you are talking about joe biden and hillary clinton. we might prefer them to the republican contenders but that is a different generation. there is not this deep democratic bench. >> mr. obama has won a second term. what is your sense of the kind of legacy that he wants to leave in the second term. is he going to be more progressive. toss me about obama's future right quick. >> -- tell me about obama's feature right quick. >> he wants to have a very free pass toward enactment. he would like to fix the fiscal stuff that is on the table even as we speak. i want to believe but i do not have any reason to believe that he would want part of his legacy to deal with t
years later, ronald reagan was elected governor of california. four years later, richard nixon was president. they have something the democrats did not have. they have a great post-boomer generation and trade when you think of them, -- a generation. when you think of them, that is a pretty good bench of energetic, slick, youngish politicians. when you are talking about the democratic party you are talking about joe biden and hillary clinton. we might prefer them to the republican contenders but...
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Nov 21, 2012
11/12
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CNBC
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the northern california one at about 55%. these walmart employees would be f paying for the pensions of retired employees of other companies and it would be very difficult for them to fwget the benefits out. there's a reason walmart employees don't want to join unions and should remain nonunionized. >> richard, you disagree. you say this is a strike protected under unfair labor practices. >> that's not just bad advice, that's un-american. americans have the right to strike for certain purposes without being fired. that is something we all ought to worry about. more importantly, these are folks who work full-time and make about $15,500. what is good for walmart, what is good for the economy, what's good for job creation is having people paid enough to buy the products that they sell. henry ford, that great socialist, understood that if you underpaid retail workers, auto workers, people like that, the economy would collapse. what these workers are saying is that walmart is mistreating them. they have a right to say it. it frank
the northern california one at about 55%. these walmart employees would be f paying for the pensions of retired employees of other companies and it would be very difficult for them to fwget the benefits out. there's a reason walmart employees don't want to join unions and should remain nonunionized. >> richard, you disagree. you say this is a strike protected under unfair labor practices. >> that's not just bad advice, that's un-american. americans have the right to strike for...
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florida, this is the end of california as reno air. -- as we know it. it will get worse. >> 50% with favor taxes on the wealthy. you are crying in the wilderness. >> republicans need to stick to principal keep paying tax rates low is good for the economy. democrats want to raise taxes. gerri: we have so far to go. please be with us every step of the way. >> classmate-- last night was not a party. [laughter] gerri: it was fascinating. meet interesting people meeting carlos gutierrez. >> it must of been like a wake. gerri: it was pretty quiet. how wall street reacts to obama and the threat and nor'easter at a misery after superstar sandy. what is being done or what is not being done more specifically? [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ gerri: people on the eastern and seaboard are just beginning to recover are getti
florida, this is the end of california as reno air. -- as we know it. it will get worse. >> 50% with favor taxes on the wealthy. you are crying in the wilderness. >> republicans need to stick to principal keep paying tax rates low is good for the economy. democrats want to raise taxes. gerri: we have so far to go. please be with us every step of the way. >> classmate-- last night was not a party. [laughter] gerri: it was fascinating. meet interesting people meeting carlos...
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Nov 20, 2012
11/12
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. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >> yeah, it would be all three of those. charter schools and vouchers are a great form of competition to shaken the existing you mon nolism you really need to shaken the monopoly, it's run 50 or 60 years now with no improvement whatsoever while the rest of the world has shown dramatic improvement in education. off great program going on called the common core, 46 states have signed for increase the curriculum capability and rigor in mathematics, science and english. if it can carry off that program, a state-driven program, we have a chance of upgrading education but it's going to take a l
. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >>...
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Nov 17, 2012
11/12
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KBCW
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all this rain hugging the california coast down to about los angeles. even seeing some showers in san diego. that will give us rainfall tonight and early tomorrow. then i think you're going to get a break saturday afternoon. another round of steady to heavy rainfall moves through saturday evening because of this cold front. once it moves to our south, we will clear and dry things out. that likely will occur sunday afternoon. rainfall totals by tomorrow morning, our computer models saying an 1.0 inch to 1.5 inches of rainfall over the next 24 hours. palo alto 61, 62 for walnut creek, brentwood 62, pleasanton 62, and 60 degrees for san rafael, mill valley and san francisco. wet from now through sunday morning! clear out sunday afternoon, monday and tuesday looking dry, showers return wednesday and thanksgiving. time for sports! >>> the stanford women's basketball team took care of business tonight in hawaii! could the warriors start their 3-game road trip with a win in minnesota? ,,,, [ female announcer ] welcome one and all to a tastier festive feast. so
all this rain hugging the california coast down to about los angeles. even seeing some showers in san diego. that will give us rainfall tonight and early tomorrow. then i think you're going to get a break saturday afternoon. another round of steady to heavy rainfall moves through saturday evening because of this cold front. once it moves to our south, we will clear and dry things out. that likely will occur sunday afternoon. rainfall totals by tomorrow morning, our computer models saying an 1.0...
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Nov 9, 2012
11/12
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i'm carl quintanilla, jim cramer, david faber is in california, jpmorgan, napa valley ceo summit. how many big stories do we have circulating? fiscal cliff concerns? you heard about jp penny concerns. right now, implied open, down 58 points. europe getting trouble, headlines out of greece, running low on cash again. ftse down 0.75. we'll bring in david from the west coast. we'll talk technology later on but that's not the only subject. what's coming up? >> reporter: a very cool napa valley. we are very close to silicon valley, so here at napa valley ceo technology summit we'll be joined throughout the day by a number of luminaries from the technology industry. i'll be talking to john donahoe, ceo of ebay. back to you. >> french laundry, that's the key tonight. french laundry. he's smiling like he's already been. meantime, a road map starts at cross section of wall street and washington. third weeks of losses as congressional office highlights difficulties if no fiscal cliff worked out. >> jcpenney shares on sale as it posts a much bigger loss and revenue miss. concerns mounting no
i'm carl quintanilla, jim cramer, david faber is in california, jpmorgan, napa valley ceo summit. how many big stories do we have circulating? fiscal cliff concerns? you heard about jp penny concerns. right now, implied open, down 58 points. europe getting trouble, headlines out of greece, running low on cash again. ftse down 0.75. we'll bring in david from the west coast. we'll talk technology later on but that's not the only subject. what's coming up? >> reporter: a very cool napa...
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Nov 8, 2012
11/12
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CSPAN
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if you look at the only thing, it was the marriage amendment in california. if you look at why it won, it was a crossover of hispanics and black pastors and joined the republicans. rather than look at hispanics and blacks from the standpoint of what we white people want to look at, why not ask them what they're -- they're interested in? wynola get their values and their cultural agenda and their priorities and address that? that is where there is great common ground and i do not understand why republicans seemingly are afraid of their own shadow and. when it comes to that. >> in the first national election, president obama embraced gay marriage. their rural several ballot initiatives that were successful and that regard. [inaudible] is this a losing issue going forward for conservatives? >> this is an issue that is free much under debate. -- very much under debate. you're right. yesterday that approved gay marriage. most of them by very narrow margins. there were far less margins in the state legislatures in some of those states. would-be disaster is is if th
if you look at the only thing, it was the marriage amendment in california. if you look at why it won, it was a crossover of hispanics and black pastors and joined the republicans. rather than look at hispanics and blacks from the standpoint of what we white people want to look at, why not ask them what they're -- they're interested in? wynola get their values and their cultural agenda and their priorities and address that? that is where there is great common ground and i do not understand why...
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Nov 19, 2012
11/12
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CNBC
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for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only too well. >> first of all, before we get into the details of the fiscal cliff, what would you say to americans who don't understand why congress is gone on vacation this week when there's such a huge bit of work -- or piece of work that needs to get done this week when it comes
for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington....
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Nov 10, 2012
11/12
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CURRENT
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look at the outcome of prop 30 in california. mr. president, you need to tell speaker boehner that the time for elliptical answers and vagueness is over. tell him if he wants to have a substantive conversation on fiscal negotiations, it's time for him to put his cards on the table face up. ask him to explain exactly which loopholes he would like to close. ask him to explain how those loopholes could be closed without designating the middle class. tell him the time for specifics mr. president, it's time to announce specifics. start with the capital gains rate. make it clear this is an essential part of any deal. capital gains should be taxed as ordinary income. there should be no difference. mr. president. it's time to be tough. that's [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? >> eliot: it was a break up letter read around the world. and it made one former wall street insider greg smith a 12-y
look at the outcome of prop 30 in california. mr. president, you need to tell speaker boehner that the time for elliptical answers and vagueness is over. tell him if he wants to have a substantive conversation on fiscal negotiations, it's time for him to put his cards on the table face up. ask him to explain exactly which loopholes he would like to close. ask him to explain how those loopholes could be closed without designating the middle class. tell him the time for specifics mr. president,...
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Nov 10, 2012
11/12
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FBC
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this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. neil: i was thinking if only former colorado governor had this wind at his back, californiaians voting to approve hiking taxes on themselveses, one on the wealthy, and another on all of us, what they approved there. governor, had you had this, you would have finished your term. >> i probably would have, neil, but, you know, i don't think we should spend too much time with the should have, would have, could have. neil: that's right. i said that, had i had salad and broccoli, but, governor, let me ask about what this means now and how much wiggle room it gives legislators and governor brown today. if they are open to tax hikes, opponents of the hikes say, well, be careful what you wish for because cutting spending is not nearly as profound as th
this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. neil: i was thinking if only former colorado governor had this wind at his back, californiaians voting to approve hiking taxes on themselveses, one on the wealthy, and another on all of us, what they...
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Nov 20, 2012
11/12
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FBC
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states with a lot of tax write offs like california and new york would be hit hard. california money manager says the fiscal cliff face could lead to a lot more problems. i will explain. >> there are different ways to skin the cat. increased tax rates or eliminate loopholes, and if the democrats are going to go down the path to try and find ways to find revenue by increasing taxes or eliminating mortgage interest adoptions on states like california and new york, we both know that on both of these coats, real estate values seem to be the highest in the united states, so if we eliminate that, there will be money to pay to the government as a result. tom: this is becoming clear even before anybody knew who was going to win the election because mitt romney was talking about putting some sort of overall cap which would hurt people with the biggest deductions. and it looks like maybe that is the middle ground then they go for. >> and i think they will come to some middle ground. i think it'll be a temporary fix meaning i don't think this fiscal cliff will be a permanent so
states with a lot of tax write offs like california and new york would be hit hard. california money manager says the fiscal cliff face could lead to a lot more problems. i will explain. >> there are different ways to skin the cat. increased tax rates or eliminate loopholes, and if the democrats are going to go down the path to try and find ways to find revenue by increasing taxes or eliminating mortgage interest adoptions on states like california and new york, we both know that on both...
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Nov 19, 2012
11/12
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>>> and later, the california entrepreneur behind twitter. how jack dorsey has changed the way we communicate. now he's looking at how you use money as we take a break, take a look at how the stock market ended the week. back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well
>>> and later, the california entrepreneur behind twitter. how jack dorsey has changed the way we communicate. now he's looking at how you use money as we take a break, take a look at how the stock market ended the week. back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [...